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Is there too much competition for auction houses now

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  • Is there too much competition for auction houses now

    Hi there, looking for some opinions.

    I've recently taken to watching the show on bbc1 at 10am about buying property at auction and doing it up and selling it or more often renting it. I'm sure you know the one I'm talking about. They interview people who buy at auction and follow how they get on.

    I've noticed that most seem to be first timers who have taken a notion and decided to enter the world of property development. My question is, to what extent the seasoned pro's who've been at it for years have noticed the increase in first timers coming into the business?

    It is a problem or something that has always been going on?

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